A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Term Definition
Authorization Amount The transaction amount submitted to the cardholder’s issuing bank for approval The issuing bank verifies that the cardholder has an available balance for the purchase and issues a reserve equal to the amount of the transaction. The reserve is in place until the transaction is captured, a void transaction is submitted, or the 30-day authorization period has expired.